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- 🃏 Goobers NFT founder DNP3 admits to gambling addiction after losing user funds
🃏 Goobers NFT founder DNP3 admits to gambling addiction after losing user funds
🃏 Goobers NFT founder DNP3 admits to gambling addiction after losing user funds 🪲 Debaub finds critical vulnerability in Uniswap's smart contract 🚀 Cryptosat launches new Crypto2 satellite
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🃏 Goobers NFT founder DNP3 admits to gambling addiction after losing user funds
🪲 Debaub finds critical vulnerability in Uniswap's smart contract
🚀 Cryptosat launches new Crypto2 satellite
Goobers NFT founder DNP3 admits to gambling addiction after losing user funds
DNP3, founder of Goobers NFT collection and CluCoin has made waves recently for his unique approach to taking responsibility for losses.
In a tweet, DNP3 admitted that he gambled away user funds due to a gambling addiction, and joked that it "started with a sponsored stream and unleashed an addiction I never knew I had." He certainly wasn't expecting the type of viral attention his tweet would draw, as thousands of users weighed in with their thoughts and opinions.
Goobers NFTs is an NFT collection on ETH, which started with a bang in September 2021 and quickly rose to a floor price of 55.25 ETH on Feb 20, 2022. It's a wonder how it all went downhill so fast — within just one month the floor price had dropped to 0.02 ETH on Jan 3. Besides this, DNP3 was involved with plenty of other projects that ended up with similar results.
"Over the last year I got incredibly addicted to gambling. Every dollar I could find I would put into Stake in hopes of winning big. Even when the big wins did happen it wasn’t enough. Eventually I lost everything. In addition to my own life savings, I also irresponsibly used investor funds to try and “get my money back” from the casino which was wrong for so many reasons." - DNP3 wrote on Twitter.
In the end, DNP3's actions set a great example for all entrepreneurs: taking responsibility for your own mistakes and being honest about them is key in order to learn from your experiences. On the other hand, you'd better hope that the investors that lost their funds have a good sense of humor and understanding.
Debaub finds critical vulnerability in Uniswap's smart contract
A blockchain security firm, Debaub, has found a critical vulnerability in Uniswap's smart contract. They were paid $40,000 by Uniswap as a bug bounty. That doesn't sound like a lot, especially when you consider the potential consequences of leaving a critical vulnerability unpatched. But hey, at least they're in the money and Uniswap users can rest assured that their funds are safer now.
The vulnerability was found in Uniswap's Universal Router contract, something that allows for multiple tokens to be exchanged at once. According to Debaub, this vulnerability could have allowed someone to implement third-party code during a transfer and steal funds. That's a scary thought, but thankfully they were able to find it before any harm was done.
It just goes to show how important it is to have security experts monitoring these kinds of contracts and for exchanges to offer bug bounties. It's a small price to pay for having peace of mind when it comes to your funds.
Cryptosat launches new Crypto2 satellite
Cryptosat, a revolutionary space-age startup, has launched a second satellite which they are calling Crypto2. Reported to be just the size of a mug, Crypto2 boasts 30 times more computing power than its predecessor, which was launched just in May last year.
Crypto2 was launched through a SpaceX Falcon 9 rocket, using the latest and greatest in satellite technology. Cryptosat launches these into orbit in order to improve cryptographic security for sensitive operations. By isolating these computations in orbit, they can't be targeted so easily by malicious actors.
The launch of Crypto2 was made possible thanks to the $3 million seed funding round Cryptosat raised last November. It was led by their founders, Yan Michalevsky and Yonatan Winetraub, along with support from other investors such as FileCoin, Inflection, GoAhead Ventures, DoraHacks, and Phala Network.
Even in this market, crypto companies continue to innovate and push the boundaries of what's possible.